Broaden Your Horizon....Real Estate Is More Than Selling Homes.....There Are Land Deals !!!

By
Managing Real Estate Broker with RE/MAX Executive Realty

Land is a topic that is rarely discussed anymore.  There is very little demand for land by developers right now.  The market continues to decline, foreclosures of existing homes are on the rise and banks are not financing newly proposed subdivisions.  The risk is too high.  Our local planning board has nothing new on its agenda for subdivision approval.

Yet, there are still many land transactions that could be consummated.  Some land deals are actually easier and much faster than going through subdivision approval with your local boards.  One of my best land transactions was selling a 23 acre parcel of land in Franklin MA to The Church of Jesus Christ of Latter Day Saints.  This parcel could easily have been an upscale subdivision with large custom homes.  It was in a prime residential area in Franklin surrounded by homes of that magnitude.  The approvals would have taken 2 years. 

There are no special permits needed for a church.  The transaction was done within a year, and it was a cash deal for $810,000 for that parcel.  There are many uses for large parcels other than subdivisions and now is a perfect time to capture a few land deals.  Not every concept requires a special permit and knowing your zoning by-laws will open up many more options for future land transactions.

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Topic:
Real Estate Sales and Marketing
Location:
Massachusetts Norfolk County Franklin
Groups:
Active Rain Newbies
New Home Construction Selling Information
New Home Sales
Tags:
selling land in franklin ma 02038
land for sale in franklin ma 02038
marketing land in franklin ma 02038

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Rainmaker
1,823,753
Barbara Todaro
"New Franklin MA Homes"
RE/MAX Executive Realty

Brent....it's always nice to sell a parcel of land to an entity other than a developer.....I've sold many of those, but when you sell to a Church, school, medical facility,etc. it's different....

October 27, 2010 10:47 AM
Ambassador
418,619
Larry Lawfer
"It's all about you. I listen for a living."
YourStories Realty

There is opportunity in all types of land transactions and good for you for closing another big deal.  Does this mean there will be more people knocking on the doors soon?  Thanks for reminding us that there continues to be opportunity everywhere in our communities.

October 27, 2010 10:48 AM
Rainmaker
1,823,753
Barbara Todaro
"New Franklin MA Homes"
RE/MAX Executive Realty

Larry.....there are land deals waiting for the right fit....that's all it takes is the right fit.

October 27, 2010 11:42 AM
Ambassador
1,268,960
Loreena Yeo
Realtor® | Frisco TX Community Ambassador
3:16 team REALTY ~ Locally-owned Frisco TX Real Estate Co.

Your ideas on how to approach land deals are great. That's why I have you to widen my horizon.

October 27, 2010 12:45 PM
Rainmaker
1,823,753
Barbara Todaro
"New Franklin MA Homes"
RE/MAX Executive Realty

Loreena.....yes, you need to broaden your horizon.....land and new construction will place you at the top.....

October 27, 2010 12:47 PM
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Rainmaker
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Barbara Todaro

"New Franklin MA Homes"
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Additional Information

The Kuney-Todaro Team is the "#1 team in Franklin's #1 office." Our expertise is in marketing new construction and resale properties. New construction is our niche and we have sold 40 subdivisions in the area of Franklin MA.